Be Careful with Credit Counselors
There are a large number of companies and individuals that attempt to pass themselves off as credit counselors in order to capitalize on the misfortunes of those who are in severe debt. To help you ...
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Creditor Judgments and Exemptions
Exempt property is property that a creditor cannot seize in order to satisfy a judgment. Depending upon the state in which you live, certain property is exempt from creditors, including judgment cre...
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Debt Collection Tactics
There are a number of tactics that creditors can legally use to collect money owed to them. One of the most common procedures employed by creditors is to turn the delinquent account over to a collec...
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Keep a Lid on Your Debt
Many people assume that they can afford something if they can simply make the monthly payments. But that's exactly the type of short-term thinking that will fetter you to a lifetime of interest char...
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Negotiating with Creditors
Negotiating with creditors is certainly not an easy task. They may be pushy, obnoxious, intimidating, or downright rude. After all, their job is to find a way to collect money from people who haven'...
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Personal Bankruptcy
Personal bankruptcy is designed to be a last-ditch financial solution which actually places a legal barrier between a debtor and his or her creditors. The United States Constitution guarantees its c...
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Re-Aging Delinquent Accounts
Re-aging your credit accounts is a technique that can be used to help clean up your credit history, particularly if you only had a brief problem and are now back on firm financial footing. Basically...
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Secured-Debt Difficulties
Non-secured lenders are often more flexible about working with customers that are having financial difficulties because they basically have to be – their prospects of being repaid are only as good a...
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The Trap of Easy Credit
When you think about it, consumer credit seems in many ways to be a self-fulfilling prophecy. As more people utilize it, more merchants come to the conclusion that they need to accept it. And, as mo...
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Two Types of Debt
When you look at your bills each month, you may feel overwhelmed by the amount of money that you’re spending simply because of debt. At times your debt may seem like a trap that you'd like nothing b...
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The Colors of Credit: Red Flags and Black Marks
Consumer debt today is at an all-time high, and it continues to grow. Throughout the early years of this decade, there has been steadily increasing apprehension among economists about these higher d...
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Your Rights in Debt Collection
The federal government mandates specific rights for consumers with regard to debt collection and credit reports. Individual states may provide additional rights, as well. There are two federal laws ...
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